Lotus Elise S1 values
Discussion
The Europeans have cottoned on - a huge proportion of cars are going abroad so the supply in the UK is collapsing. There's only 21 S1 Elises for sale in the PH classifieds. A few years ago it would typically have been around 100.
Early S2 prices are starting to go the same way for the same reason.
Early S2 prices are starting to go the same way for the same reason.
DanielSan said:
Robert Elise said:
we're in an asset bubble.
Big names are on the up. TVR has a very British audience and maybe a better buy these days??
You seen the prices of TVR's recently? Some are going plain stupid. Big names are on the up. TVR has a very British audience and maybe a better buy these days??
i was shocked to realise 2CVs were 5k after Harris's vid.
It's a shame the S1 is leaving the country. They're the best looking ones! Funnily enough, I was looking at them on Ebay earlier, I never usually look at Elises on there after my enthusiasm for them had been somewhat dampened after speaking to an Ex-Lotus engineer and driver who was certain the outgoing M100 was a far better car but it never found favour with posers because it was FWD!
All quite interesting. At this rate, the percentage increase is on a par with Porsches.
I nearly bought Nick Trott's (EVO editor) SC but it had 166k miles, needed an engine rebuild and had bodywork from an unknown source. When you add that lot up, I don't think in reality that air cooled cars have increased as much as the seem to have.
I nearly bought Nick Trott's (EVO editor) SC but it had 166k miles, needed an engine rebuild and had bodywork from an unknown source. When you add that lot up, I don't think in reality that air cooled cars have increased as much as the seem to have.
Baryonyx said:
It's a shame the S1 is leaving the country. They're the best looking ones! Funnily enough, I was looking at them on Ebay earlier, I never usually look at Elises on there after my enthusiasm for them had been somewhat dampened after speaking to an Ex-Lotus engineer and driver who was certain the outgoing M100 was a far better car but it never found favour with posers because it was FWD!
Obviously he's entitled to his opinion but I suspect most would disagree with him. I've driven the M100 a bit and it's not in the same league as any of the Elise derivatives as a drivers' car (and probably never could be with the power going to the front wheels). It's certainly better in some ways, but how it drives isn't one of them.The original Elan is a better drivers' car than the Elise, though.
kambites said:
Baryonyx said:
It's a shame the S1 is leaving the country. They're the best looking ones! Funnily enough, I was looking at them on Ebay earlier, I never usually look at Elises on there after my enthusiasm for them had been somewhat dampened after speaking to an Ex-Lotus engineer and driver who was certain the outgoing M100 was a far better car but it never found favour with posers because it was FWD!
Obviously he's entitled to his opinion but I suspect most would disagree with him. I've driven the M100 a bit and it's not in the same league as any of the Elise derivatives as a drivers' car (and probably never could be with the power going to the front wheels). It's certainly better in some ways, but how it drives isn't one of them.The original Elan is a better drivers' car than the Elise, though.
There's no way that the M100 is a patch on the Elise. You meet plenty of people in life who like to have an unusual opinion just because it makes them feel knowledgeable, as if they know something that everyone else doesn't (cf Apple, BMW, big name brand hi-fi etc), and I strongly suspect this guy was one of those people. It's also a commonly repeated myth that it doesn't matter whether a car is FWD or RWD, or FE or RE, on the public road - engine position and driven wheels make a huge difference to how a car feels at typical sports car road speeds, and a fairly significant difference at more average road speeds too.As for Elise values, I'm beginning to wonder if I did the right thing trading in my 30k mile S2 111S for £10k a couple of years ago...
RobM77 said:
kambites said:
Baryonyx said:
It's a shame the S1 is leaving the country. They're the best looking ones! Funnily enough, I was looking at them on Ebay earlier, I never usually look at Elises on there after my enthusiasm for them had been somewhat dampened after speaking to an Ex-Lotus engineer and driver who was certain the outgoing M100 was a far better car but it never found favour with posers because it was FWD!
Obviously he's entitled to his opinion but I suspect most would disagree with him. I've driven the M100 a bit and it's not in the same league as any of the Elise derivatives as a drivers' car (and probably never could be with the power going to the front wheels). It's certainly better in some ways, but how it drives isn't one of them.The original Elan is a better drivers' car than the Elise, though.
There's no way that the M100 is a patch on the Elise. You meet plenty of people in life who like to have an unusual opinion just because it makes them feel knowledgeable, as if they know something that everyone else doesn't (cf Apple, BMW, big name brand hi-fi etc), and I strongly suspect this guy was one of those people. It's also a commonly repeated myth that it doesn't matter whether a car is FWD or RWD, or FE or RE, on the public road - engine position and driven wheels make a huge difference to how a car feels at typical sports car road speeds, and a fairly significant difference at more average road speeds too.As for Elise values, I'm beginning to wonder if I did the right thing trading in my 30k mile S2 111S for £10k a couple of years ago...
I now only have 1 Lotus though.
The Crack Fox said:
I don't think they're going crazy, like Porsches prices, for example. The S1 never really dropped below £8k, the fact that there are so few for sale might skew perceptions of price now, but I'll bet you can find one for £10k or under if you wait a few months. They're great cars (and I love 'em) but few Lotus cars seem to appreciate like their contemporaries, it seems.
They are not going as crazy from a monetary point of view, however as a percentage they are not far behind. An air cooled 911 SC that needed a rebuild and some other bits valued at £11k 3 years ago is now for sale for mid 20s. Yes, they have gone up but when you account for running/repair costs, I think the Lotus is not that far behind.Of course this excludes higher valued Porsches.
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